When you're taking a test with multiple choice and you're desprate for answers, you can use a pencil in the same way flipping a coin works. Write a letter on each side of the pencil then roll it and hope for the best. Rolling the Pencil origionated at the Park School in Brookline, Massachusets.
a rather small penis. this refers to the small stub of pencil normally found in a betting shop or bookmakers, the shortened version of which is known as a bookie.
The term used to describe a person who sharpens his/her pencil every 2-5 minutes, (because they always want it sharp as it can get) resulting in their pencil ending up 2 inchs long the next day.
My friend always over sharpens her pencil. She is Over Pencil Sharpening.